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U.S. to Tap $60 Billion War Chest in Boon for Huawei Rivals

  • Government wants a ‘viable alternative’ to Chinese companies
  • Nokia, Ericsson may indirectly benefit from the financial help
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Robert Strayer of the U.S. State Department talks about the the U.S. International Development Finance Corporation. (Source: Bloomberg)
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The U.S. has been warning other countries not to buy telecommunications gear from China’s Huawei Technologies Co. and ZTE Corp. The government will soon put real money behind the effort.